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Sunday, March 24, 2013

MANIC MONDAY WATCHLIST 3/25/2013

Dry shippers have been breaking out lately and most are up quite a bit,
but this one FRO we put on the watchlist earlier this month, has just
been churning. Watch for a breakout from these levels.

$HALO
- Up 26%, 1.50 a share from our alert! We put on the watchlist 3/10/13
and had a modest gain to 6.00+ but then pulled back again where we put
her on alert at 5.37 on our message board. She traded down to 5.26
before gapping and hitting highs of 6.98!! Huge move closing above her
daily 200 ma resistance. Radar HALO here, she might have more left.

$AAPL - is going to next fib at 486
Closed over the 12.8 fib this week, here at 463.00 and now will see
next fib line this week at 486 area with a speed bump at 469 area, use
455/456 area for support.

$FB
- at 25.76 Here, We Are Watching a Lower Support Channel Between 24.50
and 25.00 Also Seeing 25.00 Area Being The 50% Fibonacci Line As Well.

$GMCR
- at 55.43 Here Had a Consolidation Week. We Will Use The 38.2
Fibonacci Line around 54.00 for support For our Next Leg Higher. If We
Fail To Hold That Look For The 20 Ma Line as possible support.

$ULTA
- That short idea didn't work last week but the 75 calls did, 1.80 was
the low monday and hit 5.00 thursday for a 194% Gain. Chart is still
bearish and will be ready to take either side. She will make short term
gains but trend lower till we have reversal confirmation. We traded all
the way up to the mid fib of the 50% and 38.2%. Watching ULTA this week
and so should you, another big move is coming.

$AFFY
- Bad News tanked AFFY tuesday > ( AFFY -58.9% (announces reduction
in force to align resources around ongoing product investigation; to
retain a bank to evaluate strategic alternatives) This news gave traders a great short opportunity, april 3 calls .30-2.00 for 566.6%. We still have her on radar.

$RSH - April 3.5 calls did almost 100% .22-.42 as RSH spiked to 3.87, opening at 3.48.
RSH getting a downgrade tuesday which is going to take some momo off
the table and earnings april 23rd. Will be keeping on high watch from
here and keep you updated.

$FFIV
- Nice pop monday morning! 90 calls almost 100%, a 2 dollar gain
87.98-90.11. FFIV breaking her 200ma support which was a great
opportunity to go short with 90 puts 3.30 low to 5.00 high friday.
Approaching the 38.2 fib now and will be looking for a bounce or
possible reversal. Earnings april 24th.

$USEG
- She broke our 1.61 support closing friday at 1.58. HIGH ALERT here
watching 1.48 being our next support target. Watch for a possible bounce
reversal from this area.

$YGE
- We based along the channel, spiking to 2.57 wednesday. Although
Another trade breaking 200 ma support. You win some you lose some. The
200 ma support is usually a pretty good place to catch a nice bounce.
Will be keeping YGE on high watch.

$APP
- Love this Breakout chart set up and is still hot! We had a dip monday
morning to 1.81 and the rest of the week we traded up to highs of
spiking to 2.12 thursday. We will continue to trade APP.

WHAT WE HAVE ON RADAR THIS WEEK

$VVUS - Vivus Inc. 10.84

Keep this one on radar. We have almost a double bottom on the daily
chart. 13 ma crossing the 20 on the daily and weekly charts. Should see some confirmation monday. Looking at 11.00 calls or 10 puts if she breaks 9.86 support, soft support here at 9.94.

$CAT - Caterpillar Inc. 87.48

Put CAT on radar! She's been trading up the past 3 days from 86.42 lows
and closing above the 23.6% fib friday, up after hours also. Putting in a double bottom and trying to get above the 200 ma. Weekly chart still bearish and if She fails to get a leg from here it will be a good short opp. Looking at the 90 calls, .74x.75 or the 80-80.5 puts.

$BTH - Blythe Inc. 16.29

The tankage here is from a earnings miss. Ive been watching since and
now is looking interesting. 12.66 is our support and my first target
from here is the weekly 200 ma. Options volume is low and would like to
see it pick up with the momo.

$BIOF - BioFuel Energy Co. 5.37

We see another upside move coming with one of our favorite Swing
trades. We need to break through the weekly 100 ma resistance. Could
possibly see a dip from here but watch for the rip.

$FU - FAB Universal Corp. 3.95

This was a message board alert at 2.95 and we are putting her on watch
here again. Nice breakout above daily 200 ma resistance and now
retracing to retest the 200 ma. She needs to hold here but watch for the
retest or possible dip below and rip up and continue. Should see more
volume come in, Very nice upside potential here also.

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